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This week, Rishi Sunak made a surprise speech announcing delays to a number of key Conservative pledges aimed at cutting greenhouse gas emissions.

But alongside a five-year delay to the ban on selling new petrol and diesel cars, and various changes to promises on oil and gas boilers, the prime minister also claimed he was scrapping a number of more “heavy-handed measures” that would hit people in their pockets.

These elements have caused some controversy, with former ministers accusing him of “pretending to halt frightening proposals that simply do not exist”, and calling them “straw men” that were never even government policy.

Politics Hub: PM ‘undeterred’ by net zero backlash

However, Mr Sunak has insisted they are measures that have been “raised by very credible people about ways to meet our net zero obligations”.

So what has Mr Sunak claimed to have scrapped? And were they ever on the Tory agenda in the first place?

Compulsory carpooling

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First up, the prime minister said: “The proposal for government to interfere in how many passengers you can have in your car – I’ve scrapped it.”

The government has sung the praises of carpooling – often referred to as lift sharing – before.

In 2022, the Department for Transport issued guidance to councils about the benefits of introducing schemes locally, saying increasing the number of people in each vehicle by 1% annually between 2022 and 2030 would remove 1.25 million cars from the road and result in an annual reduction in CO2 of 1.25 metric tons.

Encouraging carpooling was also among the recommendations made by the independent Climate Change Committee, set up as part of the Climate Change Act to advise the UK on tackling the issue.

Its members said two-thirds of car trips are undertaken with just the driver, and introducing carpool lanes could help improve the figures, while “societal pressure to increase car occupancy could play a role as the public becomes increasingly environmentally aware”.

But making carpooling compulsory was never government policy.

Recycling bins

Pic: iStock
Image:
Pic: iStock

The next policy Mr Sunak claimed to have scrapped was “the proposal that we should force you to have seven different bins in your home” for recycling.

Legislation passed in 2021 means local authorities have to arrange collections for paper, plastic, metal and glass, as well as food, garden and general household waste – but there never seems to have been a rule introduced for them to be taken in separate bins.

The government had been looking into ways to make recycling more consistent across the country, and reforms had been expected in March – though reports suggest they were delayed so as not to impact local elections.

That plan is still expected to come from the Department for Environment, Food and Rural Affairs, but after the prime minister’s speech it confirmed “it was never the case that seven bins would be needed by households”.

Read more:
Playing politics with climate is a big risk
Sunak 2.0 may not be what Tory MPs wanted
Track PM’s progress on his five pledges

Meat taxes

Three people were injured by a herd of cows. File pic

Mr Sunak also said in his speech he had now scrapped “the proposal to make you change your diet – and harm British farmers – by taxing meat”.

The idea of a meat tax has been touted by a number of climate experts as an effective way to reduce emissions due to the amount of greenhouse gases created in the farming process.

In the Climate Change Committee’s report to parliament last year, they brought up the prospect of “diet change”, saying: “Cutting back [on meat] can contribute to healthier diets, reduce direct emissions from food production in the agriculture sector and also free up land that can be used for carbon sequestration.”

But the report also said there were “no policies in place to capitalise on [the] momentum” of people already reducing the amount of meat they eat.

The committee said “steps must be taken to encourage a shift to healthier diets with reduced consumption of meat and dairy”, pointing to measures adopted by local councils going plant-based at events they host, and a “unique” commitment by the Welsh government to “promote a dietary shift to a healthier and suitable diet, recognising the benefits for climate, health and wider sustainability”.

However, these are recommendations, and the government did not have a policy or plan to bring in meat taxes.

Flying taxes

Manchester Airport. Pic: iStock
Image:
Pic: iStock

In his final list of policies he had scrapped, Mr Sunak pointed to the proposal to “create new taxes to discourage flying or going on holiday”.

Aviation has long been a target of those wanting to cut emissions and numerous policy papers have pointed to additional taxes as a way to put people off air travel.

But it has never been looked at favourably by the Conservatives, with Mr Sunak himself cutting existing air passenger duty on domestic flights back in 2021 when he was chancellor – just days before the COP26 summit in Glasgow.

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Back to the Climate Change Committee report again, and it repeatedly recommends “fiscal policy” such as “taxation, quotas or a frequent flyer levy” to “increase the price of flying to reflect the high emissions cost of air travel and incentivise low-emission alternatives, e.g. rail travel”.

It also calls for improvements to broadband to encourage people to use videoconferencing instead of taking flights to meetings, as well as “fair funding mechanisms” to make greener alternatives more affordable, and says such policies could be reviewed if new technology comes on the scene to make flying more environmentally friendly.

But while the committee hammers home its point that taxes “should send clearer signals to consumers on the high emissions cost of flying”, this has not been adopted by the government as official policy.

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Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

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Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Global trade tensions triggered by US President Donald Trump’s sweeping tariff measures may come to an end with a potential deal with China as investors remain concerned about escalation from both sides.

Trump’s April 2 announcement of reciprocal import tariffs sent shockwaves through global equity and crypto markets. The measures include a 10% baseline tariff on all imported goods, effective April 5, with higher levies — such as a 34% tariff on Chinese imports — set to begin on April 9.

However, the tariff negotiations may only be “posturing” for the US to reach an agreement with China, according to Raoul Pal, founder and CEO of Global Macro Investor.

“In the end, almost all the other tariff negotiations and rhetoric are all about getting China to agree a deal,” Pal wrote in an April 8 X post, adding:

“That is the big prize and both China and the US understand it and need it. Everything else is negotiation posturing. China needs a weaker $ and the US needs tariffs.”

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Source: Raoul Pal

“Also, the US is trying to shut down China tariff arbitrage using other channels such as Mexico or Vietnam,” Pal said.

Related: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes

China retaliates with new tariffs

Considering China’s latest retaliatory measures, a resolution remains unlikely in the short term.

In response to US tariffs, China imposed a 34% tariff on all US imports effective April 10, media outlet Xinhua News reported on April 4. China’s foreign ministry also vowed to “fight till the end” against Trump’s tariffs, which it called “bullying” by the world’s largest economy.

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

China overtakes the US in global trade. Source: Econovis

China overtook the US in 2012 to become the world’s largest trading nation by the total value of exports and imports, surpassing $4 trillion in goods trade that year, according to The Guardian.

Crypto markets watch trade outcome closely

As the trade dispute continues to evolve, analysts say a potential agreement between the two global superpowers could serve as a key catalyst for recovery in digital asset markets.

Crypto markets have a 70% chance to bottom by June 2025 before recovering, Nansen analysts predicted.

Related: Crypto market bottom likely by June despite tariff fears: Finance Redefined

Investor appetite for risk assets such as Bitcoin will depend on the global tariff responses from other countries, according to Nicolai Sondergaard, a research analyst at Nansen.

“We have reached somewhat of a local bottom in regard to tariffs and the impact on prices,” the analyst said during Cointelegraph’s Chainreaction live show on X, adding:

“Trump came out guns blazing, and we’ve mostly seen the worst from the US side, so we’ll see if other countries are willing to drop some of the tariffs because it’s very likely the US will do the same.”

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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Nigerian court postpones Binance tax evasion case to end of April: Report

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Nigerian court postpones Binance tax evasion case to end of April: Report

Nigerian court postpones Binance tax evasion case to end of April: Report

A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.

Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to invalidate an order allowing for court documents to be served to the company via email.

Binance doesn’t have an office in Nigeria and Ikwuazom claimed the Federal Inland Revenue Service (FIRS) didn’t get court permission to serve court documents to Binance outside the country.

“On the whole the order for the substituted service as granted by the court on February 11, 2025 on Binance who is … registered under the laws of Cayman Islands and resident in Cayman Islands is improper and should be set aside,” he said.

FIRS sued Binance in February, claiming the exchange owed $2 billion in back taxes and should be made to pay $79.5 billion for damages to the local economy as its its operations allegedly destabilized the country’s currency, the naira, which Binance denies.

It also reportedly alleged that Binance is liable to pay corporate income tax in Nigeria, as it has a “significant economic presence” there, with FIRS requesting a court order for the exchange to pay income taxes for 2022 and 2023, plus a 10% annual penalty on unpaid amounts along with a nearly a 27% interest rate on the unpaid taxes.

Nigeria’s legal history with Binance

In February 2024, Nigeria arrested and detained Binance executives Tigran Gambaryan and Nadeem Anjarwalla on tax fraud and money laundering charges. The country dropped the tax charges against both in June and the remaining charge against Gambaryan in October.

Nigerian court postpones Binance tax evasion case to end of April: Report

Tigran Gambaryan (right) was seen in a September video struggling to walk into a courtroom in the Nigerian capital of Abuja. Source: X

Anjarwalla managed to slip his guards and escape Nigerian custody to Kenya in March last year and is apparently still at large.

Related: Binance exec shares details about release from Nigerian detention 

Gambaryan, a US citizen, returned home in October after reports suggested his health had deteriorated during his detainment with reported cases of pneumonia, malaria and a herniated spinal disc that may need surgery.

Binance stopped its naira currency deposits and withdrawals in March 2024, effectively leaving the Nigerian market.

Magazine: Trash collectors in Africa earn crypto to support families with ReFi 

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Sam and Starmer – what did PM actually mean?

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Sam and Starmer – what did PM actually mean?

👉Listen to Politics at Sam and Anne’s on your podcast app👈

It’s the final episode before recess so Sky News’ Sam Coates and Politico’s Anne McElvoy wonder, given the turbulent times, who’ll be the first to call for Parliament to be recalled?

And talking of the Lib Dems, there’s some new polling which might put a spring into the step of Ed Davey – is his party’s position on Trump and trade doing them some favours?

Of course, there’s plenty of time to talk about the onslaught of US tariffs and implications for the UK – watch out for if the PM is asked about fiscal headroom when he appears before the Liaison Committee of senior MPs later.

Sam and Anne also ponder the PM’s response to Sam at a Q&A yesterday.

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